"It's your policies, stupid!"
President Obama has said, in his weekly address to the nation, that he will not support any extension of the Bush tax cuts.
Here is a report from The Hill on the subject. An excerpt from the report:
In his weekly address Saturday, Obama said that Democrats and Republicans not only agree on middle-class tax cuts but the need to rein in spending, and used this to try to drive his position on the tax cuts.
"At a time when we are going to ask folks across the board to make such difficult sacrifices, I don’t see how we can afford to borrow an additional $700 billion from other countries to make all the Bush tax cuts permanent, even for the wealthiest 2 percent of Americans," the president said. "We’d be digging ourselves into an even deeper fiscal hole and passing the burden on to our children."
